Form 4: Atlassian Co-Founder Sells Shares Under 10b5-1 Plan

Atlassian co-founder Scott Farquhar sold a total of 7,665 Class A Common Stock shares on September 2, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of Class A Common Stock.
• A total of 7,665 shares were sold across four separate transactions on September 2, 2025.
• The sales were executed at weighted-average prices ranging from $172.3002 to $174.6363 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership, held by Farquhar Investment Partnership No. 2, stands at 153,300 Class A Common Stock shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can be perceived negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns about market timing or a lack of confidence, making it a routine liquidity event.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned sale for liquidity or diversification rather than a reaction to immediate market conditions.
• The use of a 10b5-1 plan enhances transparency and reduces the perception of insider trading based on material non-public information.

Negatives

• Insider selling, even if pre-planned, can sometimes be interpreted by the market as a signal of reduced confidence in the company's near-term prospects, although this is mitigated by the 10b5-1 plan.

Risks

• While the sale is pre-planned, a significant volume of insider selling could potentially contribute to negative market sentiment if not properly understood by investors.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Industry Context

This Form 4 filing reports a routine insider transaction under a pre-arranged plan and does not provide information directly related to broader industry trends or competitive landscape for Atlassian.

Corporate Governance

Related Party Transactions

• Shares are held indirectly by Farquhar Investment Partnership No. 2, an entity associated with the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders may observe the insider sale as a data point for their investment analysis, though the 10b5-1 plan suggests a pre-planned, non-discretionary transaction.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, 10b5-1 Plan, Share Sale, Director, 10% Owner